All Forum Posts by: Joseph C.

Hey BP, I am looking for a good residential property management company in Fresno, CA. Any reccommenedations would be appreciated. Thanks.

K. Marie Poe Where did you find your info on the CA SAFE ACT. I have done a limited Internet search and can not seem to find code sections. I like to read the actual law in its long form. I find it gives me better understanding than the cliff notes versions. I am currently working on a deal to purchase two properties. Seller financing may be what works best for the seller and I. I want to make sure I'm operating legally.

Hey BP, I have a SFR 3/1.5 1672 Sq ft Yr 1950 under contract in Winthrop Maine. I am looking to assign the contract. Handsome profit potential for the right investor. Contract + assignment fee 75k ARV with some repairs 125k Contact me for more details. [email protected] 831-637-9950

Thanks everyone.

Hey BP, I am working on assigning a contract. Do any of you professional wholesalers require proof of funds or commitment from a Hard money / private money lender before assigning the contract?

Hey BP, I am working on assigning a contract. Do any of you professional wholesalers require proof of funds or commitment from a Hard money / private money lender before assigning the contract?

I would like to see time stamps on posts like on the website. I also do not seem to get updates on threads I post to with the app

Matthew B. I agree with Tom A. On this issue. Many times different people use different measures of ROI, and each persons business model/education level is different which could account for some of the variance. When talking about ROI, first you need to clarify a formula that will be used by all parties involved in the comparison. This is how I consider return. (All calculations are based on annual returns) Personally I shoot for 15% CoC (cash on cash or often referred to as cash flow) on my rentals. That is my net rental income (pretax) / my total cash invested (down payment, out of pocket closing repair and holding cost) I look at ROI as net rental income (pretax) + appreciation / my total cash invested (down payment, out of pocket closing repair and holding cost) I also look at throw off, which is net rental income (pretax) + appreciation + tax benefits from depreciation + principle reduction / my total cash invested (down payment, out of pocket closing repair and holding cost). Principle reduction is much more complicated due to the tax benifits part and is a topic for another post. Anyways, the reason I went in to all of that is I have heard the term ROI used to describe all of these.

I would like to see time stamps on posts like on the website. I also like the previously mentioned upgrades

Wow, such a broad question. There is so much to learn about REI. What specifically are you wanting to learn about? There are several ways you can get educated: books, BP, REIA groups, Seminars, Guru training packages etc. Personally, I think it is what you can afford to do in regards to time & money. I'm sorry for the broad answer, but it was a broad question. I hope this helps you.